Guterres calls for end to Africa’s mineral wealth shipped overseas

United Nations Secretary-General António Guterres has urged an end to the exporting of Africa's critical minerals for processing abroad, emphasizing that the continent should retain more value from its natural resources. Guterres made this call during the fifth annual Unstoppable Africa event of the Global Africa Business Initiative in New York, alongside African Union Chairperson Mahmoud Ali Youssouf and various business leaders.

He argued that Africa's vast natural resources, particularly critical minerals, should generate local value and employment rather than being shipped overseas. Speaking on September 20, 2026, Guterres highlighted Africa's potential for economic growth, noting that the continent accounts for 30% of the world's mineral resources, 60% of its solar potential, and a $3 trillion market opportunity.

He cited success stories from countries like Kenya, Morocco, Tunisia, and Rwanda, which have made significant strides in renewable energy, artificial intelligence, and drones. Nigeria, South Africa, and Senegal were also noted for their growing global cultural exports. Despite global disruptions, Africa's economy expanded by 4.4% last year, driven by fintech investments and the African Continental Free Trade Area, which is projected to generate $230 billion in trade this year.

However, Guterres cautioned that rising tariffs, competition for critical minerals, and conflicts in Ukraine and the Middle East are increasing the costs of fertilizers, food, and fuel. He advocated for a shift from exporting raw materials to creating more value locally, particularly through clean energy and economic diversification.

Guterres also reiterated calls for reforms in the international financial system, emphasizing that multilateral development banks should better mobilize private capital and support developing economies. He stressed the need for climate finance to match commitments on both mitigation and adaptation, and urged greater investment in young people and women, who own more than half of businesses in Africa but receive only a small fraction of investment.

Guterres stressed that peace and political stability are crucial for Africa to realize its economic potential and called for the continent to take greater ownership of mediation efforts, including having permanent representation on the UN Security Council. He described Africa as a "double victim of colonialism," having experienced colonial rule and been excluded from postwar negotiations that shaped international institutions.

Guterres concluded that a stronger, more prosperous Africa would benefit the world at large, stating that Africa's growth should serve Africa's people first and foremost, securing their future.